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The above was stated in the operations rns of the 20th April.. nearly 2 months ago. We are over due diligence period ..this must surely be very close now to cementing a deal.
Spreadex involvement hasn't helped here...
Generally whenever they are present they are mai ly for shorts ...
This would be significantly higher if it wasn't for those shorts ...Once closed we should see some real movement.
Tech stocks are getting hammered at the moment..decline in share price is just market sentiment...longer term and with new imminent
We should be ok
Doesn't inspire confidence for lths...
This was 25p just a year ago.
Maybe if you in a 3p ok
I note that we have had no commercial or corporate update since the 17th Jan.. 1 week after the placing, yes we know the Financial position but what developments have there been
The old adage buy on the rumour sell on news applies.
2nd quarter within budget but not likely to be spectacular hence reason for little movement and no volume.
If we are close to sustained commercial revenues or even a joint venture or rto then all is not necessarily lost.
Next rns on trading position with some substance on balance sheet will be key.
At this mcap the upside would be substantial if they pull the rabbit out of the hat.
I suppose a key factor is how close we are to turning R&D into a commercial contract (just 1 contract).
If we are close then maybe all is not lost.
In some respects the rns wasn't a surprise as cash was always key here and existing sources of income were always going to dry up.
It's not dead yet..and some investors still have faith as we can see from the rather large number of buys on Thursday.
Ceo statement ...currently negotiating a rig contract.
This sounds like we are close to contract completion.
That's some discount on the placing..painfully..
Still opportunity to top up
There comes a point for any investor to question the above and time is fast running out.
No commercial contracts ready to sign or evidence of intent by the next rns and were dead in the water.
Mms need to tighten the spread to increase activity..
Just need to get to the 50m mcap to open up to larger institutional investors ..then the breaks will be released ...
Never get to greedy ..was in at 2.35p and sold at 3.75 made a reasonable profit of 60%..Will buy back in again but below placing price
Every chance of achieving the last placing price over the next week or below.
Well forecasts of 1p plus ...not likely to happen anytime soon.
Rns was detailed but with no contracts and no revenue its somewhat dead in the water.
The problem with the ceo and board it's very much a lifestyle business and a hobby for some with an attractive salary all paid for by the shareholders.
Interesting that he mentioned the frustrations of shareholders with little news and it would appear that we are going to be continuing with news blackouts for the foreseeable future.
Directors options are priced in at 7.5p per share so some way to go.
These were reviewed down from 50p.
Let's not forget Newland purchased £100,000 of shares at 0.80p...which should give us some comfort at today's price.
If I'm correct usa closed 41% up